The HillTube

Reid: Ryan budget resembles ‘modern Koch-topia’

Senate Majority Leader Harry ReidHarry ReidOvernight Finance: Trump threatens NAFTA withdrawal | Senate poised for crucial Puerto Rico vote | Ryan calls for UK trade deal | Senate Dems block Zika funding deal The Trail 2016: 11 hours, 800 pages, 0 changed minds Senate faces critical vote on Puerto Rico MORE (D-Nev.) on Tuesday used the release of Rep. Paul RyanPaul RyanOvernight Finance: Trump threatens NAFTA withdrawal | Senate poised for crucial Puerto Rico vote | Ryan calls for UK trade deal | Senate Dems block Zika funding deal Overnight Defense: Benghazi report fallout | Nearly 50 dead after Istanbul attack Lobbying world MORE's (R-Wis.) budget to renew his attacks on the conservative donors Charles and David Koch.

Reid said the Ryan budget is a “Koch-topia,” because it helps the rich at the expense of the poor.

“It’s a modern Koch-topia,” Reid said on the Senate floor Tuesday. “We might as well call it the Koch budget.”

ADVERTISEMENT
Ryan’s budget, released Tuesday morning, will be his final fiscal blueprint before an expected move next year to the Ways and Means Committee, which deals primarily with taxes. [READ RYAN'S BUDGET PROPOSAL.]

As they have done in the past, Democrats hope to use the budget proposal as a weapon against Republicans in the midterm elections.

They are also seeking to attack the Koch brothers, the billionaire industrialists who are spending millions of dollars on campaign ads helping Republicans, in addition to being major financial backers of conservative groups in Washington.

Reid said he found out Monday that the Kochs plan to run ads against him in Nevada, despite the fact that he isn’t up for reelection until 2016.

Read more from The Hill.

More in Overnight Finance

Overnight Finance: Trump threatens NAFTA withdrawal | Senate poised for crucial Puerto Rico vote | Ryan calls for UK trade deal | Senate Dems block Zika funding deal

Read more »